Trading process

From enquiry to title transfer.

Physical fuel trading rewards structure. Every MINTWURKS transaction follows the same six stages, aligned to standard Rotterdam, Houston and Fujairah procedures. At each stage you know what happens next and which documents change hands.

Enquiry & Soft Corporate Offer

You outline the product, grade, volume per lift, contract length, delivery term and destination port. Within 24 hours on business days the trading desk replies with a Soft Corporate Offer setting out the price basis, procedure and documents required.

SCO

You provide: Product, volume, delivery term, destination and target pricing. A company profile helps us qualify the enquiry quickly.
We provide: Soft Corporate Offer (SCO) with the transaction procedure and indicative commercial terms.

ICPO, KYC & compliance screening

To proceed, the buyer issues an Irrevocable Corporate Purchase Order on company letterhead with the Company Information Sheet and signatory identification. We screen every counterparty against sanctions and anti-money-laundering requirements before any offer is firmed up.

ICPOCISKYCAML

You provide: ICPO, Company Information Sheet (CIS), passport copy of the signatory and bank details for verification.
We provide: Written acknowledgement and the outcome of compliance screening, normally within two business days.

Full Corporate Offer & contract

With compliance cleared, MINTWURKS issues a Full Corporate Offer that locks price, volume, laycan and delivery terms. The sale and purchase agreement follows, and both parties sign and seal.

FCOSPACI

We provide: Full Corporate Offer (FCO) and the draft Sale and Purchase Agreement or Commercial Invoice.
Executed: Contract signed and sealed by both parties; each side’s bank is notified of the agreed instrument.

Financial instrument

The buyer’s bank issues the agreed payment instrument to the seller’s bank. The instrument is confirmed bank to bank before any product is committed, protecting both sides.

MT700MT760LCSBLC

You provide: The agreed instrument from a top-tier bank, typically a documentary letter of credit (MT700) or standby letter of credit (MT760).
We provide: Bank-to-bank confirmation and, where agreed in the contract, the corresponding performance guarantee.

Proof of Product

We compile the Proof of Product dossier so the buyer has transparent, verifiable visibility of the cargo before funds move. The buyer or its nominated inspector may conduct a dip test at the tank.

POPTSRDTACOO

We provide: Tank Storage Receipt, injection report, most recent Q&Q report, Dip Test Authorisation, Certificate of Origin and product passport.
You may: Appoint SGS or your own surveyor to witness the dip test and sample the product.

Inspection, title transfer & lift

A final independent SGS Quality and Quantity inspection is conducted at the load port or tank. On satisfactory results, title transfers to the buyer, payment is released against the documents, and logistics handover follows. Rolling contracts continue on the agreed schedule.

SGS Q&QCOAB/LMT103

Executed: SGS Q&Q report, title transfer documents and payment release (MT103) against documents.
You receive: Certificate of Analysis, Certificate of Origin, bill of lading or tank transfer certificate, insurance certificate for CIF terms and a named desk contact.

Documents at a glance.

Who issues each document and when it changes hands. Every item is available for audit after the transaction closes.

Quality & compliance standards

Document	Issued by	Stage	Purpose
Soft Corporate Offer (SCO)	MINTWURKS	1	Indicative terms and the transaction procedure
ICPO and Company Information Sheet	Buyer	2	Firm intent to purchase; basis for KYC and sanctions screening
Full Corporate Offer (FCO)	MINTWURKS	3	Locked price, volume, laycan and delivery terms
Sale and Purchase Agreement / Commercial Invoice	Both parties	3	Binding contract, signed and sealed
MT700 or MT760	Buyer’s bank	4	Payment security, confirmed bank to bank
Tank Storage Receipt (TSR)	Terminal	5	Verified product location and quantity
Injection report	Terminal / pipeline operator	5	Custody transfer proof for pipeline or vessel allocations
Dip Test Authorisation (DTA)	MINTWURKS	5	Buyer’s inspector may sample and gauge the tank
Certificate of Origin (COO)	Refinery / chamber of commerce	5	Legal proof of non-sanctioned source
SGS Q&Q report and Certificate of Analysis	SGS or equivalent surveyor	6	Independent quantity and quality sign-off against specification
Bill of lading or tank transfer certificate	Carrier / terminal	6	Title and custody transfer

Ready to initiate a transaction?

Send your product, volume and delivery term and the trading desk will reply with a Soft Corporate Offer within 24 hours on business days.

Send an enquiry View products